Strategy’s latest $22.1 million Bitcoin purchase brings the company’s total Bitcoin holdings to 640,031 BTC, acquired for around $47.35 billion.

Crypto, cash and "moonshot" on the balance sheet now total $11.6 billion, said the company.

Last week's bitcoin purchase was funded through common stock sales and perpetual preferred stock issuance.

October is the month in which bitcoin, on average, posts its best returns.

Unchained and analyst Checkmate highlight how iShares Bitcoin Trust leveraged ETF options have reshaped flows and bitcoin’s volatility profile.